The National Bank of Hungary (MNB) has updated its guidelines for the integration of environmental, social and governance (ESG) risks into banks' regular risk management framework, the central bank and financial market watchdog said on Monday. In applying the updated recommendation, institutions must adapt their operations and decision-making processes to the changed regulatory environment. This […]
Hungary will cap retail prices of motor fuel at HUF 595/liter for petrol and HUF 615/liter for diesel from midnight on Monday, Prime Minister Viktor Orbán has announced. The price cap will apply to private individuals, farmers, hauliers and businesses with vehicles with Hungarian number plates and residency in Hungary, the PM said. He was […]
German-owned electronic components maker Rosenberger is investing HUF 47 billion in capacity expansions at three of its bases in Hungary, it was announced on Monday. A global manufacturer of electronic components, Rosenberger is known for its uncompromisingly high-quality products. Its product range includes connectors, components, accessories, and cables, primarily used by leading high-tech companies in […]
Hungary's cash flow based general government deficit reached HUF 2,106.8 billion at the end of February, the Ministry of National Economy said in a preliminary release of data on Monday. The central budget deficit reached HUF 2,010.1 billion and the social security funds were HUF 129.6 billion in the red, but separate state funds had […]
Cinematographer Mátyás Erdély has been awarded the Spotlight Award for his outstanding work on Orphan, the latest film of Hungarian Oscar-winning director László Nemes Jeles, the American Society of Cinematographers said on Monday. The 40th ASC awards were handed over in Los Angeles late on Sunday. The film follows a 12-year-old boy, Andor, in ruined […]
The Budapest Stock Exchange (BSE) share index, the BUX, ended the week at 121,907.53 points, down 3.66% from last Friday's close. Turnover increased from HUF 135.24 billion to HUF 219.93 billion, with leading shares weakening, except for Mol. In its weekly summary, Equilor Investment Ltd. explained that energy prices had risen significantly worldwide due to […]
Wizz Air UK has announced that it has officially received the necessary permits to operate flights between the United Kingdom and the United States. As communicated earlier, the airline has no intention or plans to launch regular commercial flights to the US, the new authorization represents a significant achievement and reflects months of preparation, regulatory […]
WABERER’S INTERNATIONAL Plc. announced back in November 2025 that its wholly owned subsidiary, the insurance company Gránit Biztosító Plc. exercises its call option right as set out in the Framework Cooperation Agreement concluded with Magyar Posta Plc. simultaneously with the share purchase agreement relating to the acquisition of a majority stake and acquires the 33.095% […]
Shopper Park Plus Plc. (SPP) has made a public announcement regarding the closing of the acquisition of a real estate portfolio consisting of eight retail parks located in Poland from the sellers Auchan Polska Sp. z o.o. and Ceetrus Polska Sp. z o.o. SPP has previously disclosed to the public certain steps related to the […]
Fourth-quarter after-tax profit of OTP Bank, Hungary's biggest commercial lender, rose 19% year-on-year to 297.3 billion, according to a new earnings report. Net interest income increased 11% to HUF 509.2 billion. Net revenue from commissions and fees climbed 8% to HUF 160.4 billion. For the full year, after-tax profit rose 7% to HUF 1,146.3 billion. […]
Hungarian-owned construction company Bayer Construct will invest HUF 12 billion to expand capacity at its base in Sóskút, southwest of Budapest. As a result of this major investment, a 12,000-square-meter bathroom assembly plant is now being built in Sóskút, and the company is also establishing a precast concrete, carpentry and locksmith plant. In addition, by […]
AutoWallis Group further strengthened its international presence, and partly as a result of this, its revenue grew by 20% to HUF 477 billion in 2025, representing a total market footprint of HUF 587 billion including companies jointly managed with partners, the Group reports in a statement on the website of the Budapest Stock Exchange. Growth […]
Output of Hungary's industrial sector fell 2.5% year-on-year in January, a first reading of data released by the Central Statistical Office (KSH) on Friday shows. Output edged 0.3% higher when adjusted for the number of workdays. Output fell in most branches of manufacturing, with increases in the computer, electronics and optical equipment and the electrical […]
Denmark-based Xellia Pharmaceuticals is investing EUR 70.85 million in Szigetszentmiklós, south of Budapest, further strengthening Hungary's role in the European healthcare and antibiotic supply chain. The development aims to create a modern, automated pharmaceutical manufacturing plant and promises create 91 new high value-added jobs. Headquartered in Copenhagen, Xellia Pharmaceuticals is a specialty pharmaceutical company focused […]
Hunguest Hotels has won a tender to operate the four-star Gotthard Therme Hotel in Szentgotthárd (W Hungary) for five years, parent company Opus Global said on Friday. With the addition to the portfolio of the 148-room hotel, near the border with Austria, Hunguest Hotels manages 23 properties. The tender to manage the hotel was called […]
